bullish flow. Conditions favor option buyers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 46.2% — elevated vs history
IV/HV 1.23x — IV premium over HV
Sector percentile 59% — above sector median
Front/Back 0.96x — contango
Put/Call IV 1.16x — elevated
ATM IV 41.2% — normal range
Effective IV 86.9% (ATM 41.2% + spread 22.9% + bias) — expensive
Total drag 30.89% (spread 22.87% + slippage 8.02%) — high friction
Vega efficiency 4.81 (vega 11.011 / spread 22.87%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +14% (bullish) — Raw: -4%
|OI skew| 48.6% — call-heavy
Vol skew +96.2%, OI skew +48.6% — aligned
0-DTE 34%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -62%, ATM: +35%, OTM: +4% — bearish (ITM/ATM divergent)
Sector P/C percentile 2% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.3x avg — normal
Vol/OI 4.5% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change -1.0% (5d) — stable
Sector activity percentile 62% — active vs sector
Large trade volume 43% — institutional presence
Aggressive execution 34% — patient
Conviction +14 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 22.9% — wide
OI 31,216 — adequate
Volume 1,412/day — adequate
$1.14 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 66% — wider than sector
Depth 358.8 contracts (bid:230.0 ask:128.8) — adequate
Avg slippage 8.02% — poor
Is now a good time?
Considers earnings proximity,
Slope -3.8% — flat/unclear
IV percentile 46% — neutral
IV kink -0.9pts — no clear event
θ/ν ratio 1393.81 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +14% @ 57% consistency — unclear
Score 73 (ITM 20% + inst 43%) — HIGH institutional
For educational purposes only. Not investment advice.